MIT Dept. of Economics Working Papers Series

Error Correction Models of MSA Housing "Supply" Elasticities: Implications for Price Recovery

Wheaton, William C.; Chervachidze, Serguei; nechayev, Gleb (Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2014-01-19)

MSA-level estimates of a housing supply schedule must offer a solution to the twin problems of simultaneity and stationarity that plague the time series data for local housing prices and stock. An Error Correction Model ...
Managing Innovation in a Crowd

Acemoglu, Daron; Mostagir, Mohamed; Ozdaglar, Asuman (Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2014-01-17)

Crowdsourcing is an emerging technology where innovation and production are sourced out to the public through an open call. At the center of crowdsourcing is a resource allocation problem: there is an abundance of workers ...
Equalizing Superstars: The Internet and the Democratization of Education

Acemoglu, Daron; Laibson, David; List, John A. (Cambridge, MA: Department of Economics, Massachusetts Institute of Technology, 2014-01-17)

Educational resources distributed via the Internet are rapidly proliferating. One prominent concern associated with these potentially transformative developments is that, as many of the leading technologies of the last ...